RE: OWNERSHIP: Toward a Social Credit "Labor Theory of Property"??

["William B. Ryan" <w_b_ryan@yahoo.com>]

[Dodson] That happy situation eventually disappears;
and, at some point, the "freely accessible" land will
no longer yield even subsistence (given the knowledge
level of the day and existing capital goods.
----------------------------------------

This is nothing more than a hypothetical construct
based on unsound Georgist premises.  "Given the
knowledge of the day" infers a static condition; the
real world is not static.  Where is the empirical
evidence for the declining marginal productivity of
land, given continuously improving technology and
political organization?

The fact is, the marginal productivity of land is
increasing, not decreasing, as it has done for
millennia.  How else do you explain that in America
there is less land under cultivation than a half
century ago, yet exported surpluses are bigger than
ever?

I saw a photograph the other day of giant combines in
wheat fields in India (at first I thought it was from
the American mid-west), which has become entirely
self-sufficient in food.
-


--- Ed Dodson <ejdodson@comcast.net> wrote:
[snipped]


                
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